Republicans Refuse to Raise Debt Ceiling, Flirt with Economic Suicide

themountain.news
2 min read
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It would take 60 votes to stop America from committing economic suicide and raise the debt ceiling. As Republicans refuse to budge the clock ticks closer to midnight.
Tick tock tick tock tick tock

Debt is a part of life today. The average American has $90,460 in debt whether it be credit cards or personal loans or mortgages or student debt. As of writing this article, America is currency saddled with 28.7 trillion dollars in debt. The US treasury has recognized that defaulting on this debt would "would precipitate another financial crisis and threaten the jobs and savings of everyday Americans – putting the United States right back in a deep economic hole". Fortunately, as the Treasury recognizes, since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition of the debt limit – 49 times under Republican presidents and 29 times under Democratic presidents with both sides recognizing the merit in raising the ceiling over defaulting on our debt.

Whether there will be a 79th time is up in the air.…
The Mountain
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